0.00184745315386649 0.00531614070806458 0.00772914074576787 0.0103683595370056 -0.0107453907928968 -0.0125234701956792 -0.0107001470421899 -0.0124797345699959
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Stockreport

Expedia to boost liquidity with $3.2 billion capital raise, names new CEO [Reuters]

Expedia Group, Inc. (EXPE)  More Company Research Source: Reuters
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Expedia to raise $3.2 billion in capital to boost liquidity, names new CEO (Reuters) - Expedia Group Inc said on Thursday it was raising $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. The company also named Vice Chairman Peter Kern as its chief executive officer and said it would abandon its dividend, implement furloughs and reduce work-week programs to save cash. Shares of Expedia, which have declined about 43% this year, rose nearly 3% before the bell. The online travel group said private equity firms Silver Lake Partners and Apollo Global Management Inc would invest about $1.2 billion in the company and would have board representation upon the closing of the deal in May. Expedia will also raise about $2 billion in new debt. Travel companies around the world are rushing to shore up finances after a steep fall in demand due to travel restrictions imposed to curb the spread of the coronavirus, which has in [Read more]
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Stockreport

Expedia to boost liquidity with $3.2 billion capital raise, names new CEO [Reuters]

Expedia Group, Inc.  (EXPE) 
More Company Research Source: Reuters
Last expedia group, inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: expediainc.com/contact-investor-relations
Expedia to raise $3.2 billion in capital to boost liquidity, names new CEO (Reuters) - Expedia Group Inc said on Thursday it was raising $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. The company also named Vice Chairman Peter Kern as its chief executive officer and said it would abandon its dividend, implement furloughs and reduce work-week programs to save cash. Shares of Expedia, which have declined about 43% this year, rose nearly 3% before the bell. The online travel group said private equity firms Silver Lake Partners and Apollo Global Management Inc would invest about $1.2 billion in the company and would have board representation upon the closing of the deal in May. Expedia will also raise about $2 billion in new debt. Travel companies around the world are rushing to shore up finances after a steep fall in demand due to travel restrictions imposed to curb the spread of the coronavirus, which has in [Read more]
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